Quanta Services Sees Unusually Large Options Volume (NYSE:PWR)

Quanta Services, Inc. (NYSE:PWR) was the target of unusually large options trading on Tuesday. Traders purchased 4,528 put options on the company. This represents an increase of approximately 72% compared to the average daily volume of 2,628 put options.

Quanta Services Stock Down 3.2%

PWR stock traded down $19.49 during trading on Tuesday, reaching $598.92. 414,835 shares of the company traded hands, compared to its average volume of 1,119,673. The business has a 50 day simple moving average of $648.72 and a 200 day simple moving average of $663.57. Quanta Services has a 12 month low of $404.51 and a 12 month high of $788.75. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.05 and a current ratio of 1.10. The company has a market capitalization of $90.04 billion, a price-to-earnings ratio of 68.36, a price-to-earnings-growth ratio of 1.87 and a beta of 1.27.

Quanta Services (NYSE:PWR) last announced its earnings results on Thursday, July 30th. The construction company reported $4.24 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $0.93. The business had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $8.61 billion. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. The firm’s revenue was up 41.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.48 earnings per share. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. On average, equities research analysts anticipate that Quanta Services will post 15.37 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Thursday, October 1st were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Thursday, October 1st. Quanta Services’s payout ratio is 5.04%.

Institutional Investors Weigh In On Quanta Services

Institutional investors have recently bought and sold shares of the company. State Street Corp boosted its position in shares of Quanta Services by 4.7% in the 2nd quarter. State Street Corp now owns 6,581,807 shares of the construction company’s stock worth $4,739,164,000 after purchasing an additional 296,893 shares in the last quarter. Diamant Asset Management Inc. increased its position in Quanta Services by 54,802.0% during the 1st quarter. Diamant Asset Management Inc. now owns 296,471 shares of the construction company’s stock valued at $162,769,000 after buying an additional 295,931 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in Quanta Services by 3,657.8% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 221,485 shares of the construction company’s stock valued at $121,600,000 after buying an additional 215,591 shares in the last quarter. SG Americas Securities LLC raised its stake in Quanta Services by 255.6% in the first quarter. SG Americas Securities LLC now owns 264,207 shares of the construction company’s stock valued at $145,055,000 after buying an additional 189,912 shares during the last quarter. Finally, Corient Private Wealth LP raised its stake in Quanta Services by 731.3% in the second quarter. Corient Private Wealth LP now owns 210,091 shares of the construction company’s stock valued at $151,273,000 after buying an additional 184,819 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PWR has been the topic of several analyst reports. Benchmark downgraded Quanta Services to a “sell” rating in a report on Friday, July 31st. Cantor Fitzgerald restated an “overweight” rating and set a $862.00 target price on shares of Quanta Services in a research note on Monday, October 5th. Wall Street Zen lowered shares of Quanta Services from a “buy” rating to a “hold” rating in a research report on Saturday, September 12th. Sanford C. Bernstein upgraded shares of Quanta Services from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $748.00 to $775.00 in a research report on Thursday, September 24th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $833.00 price target on shares of Quanta Services in a research note on Thursday, August 13th. Twenty-three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $763.04.

About Quanta Services

Quanta Services, Inc is an infrastructure solutions provider headquartered in Houston, Texas. The company designs, installs, repairs, maintains and upgrades essential infrastructure for the electric power, communications, pipeline, industrial and energy industries.

Its services include electric transmission and distribution construction, substation and renewable-energy infrastructure, storm restoration, fiber-optic and wireless communications networks, natural gas and pipeline construction, and related engineering and maintenance work.